Spruce Power Holding (SPRU) Operating Expenses (2019 - 2025)

Spruce Power Holding's (SPRU) quarterly Operating Expenses came in at $21.8 million in Q4 2025, down 18.33% year-on-year from $26.7 million in Q4 2024, and down 2.08% quarter-over-quarter from $22.2 million in Q3 2025.

Spruce Power Holding (SPRU) Operating Expenses (2019 - 2025) Analysis & Trends

Spruce Power Holding has disclosed Operating Expenses across 7 years of filings, most recently posting $21.8 million for Q4 2025.

  • Operating Expenses for Q4 2025 came in at $21.8 million, down 18.33% year-over-year; the trailing twelve-month figure through Dec 2025 was $93.9 million (down 29.38% YoY), and the FY2025 annual result was $93.9 million, down 29.15% from the prior year.
  • Operating Expenses came in at $21.8 million for Q4 2025 at Spruce Power Holding, down from $22.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $58.5 million in Q3 2024 to a low of -$10.5 million in Q4 2021.
  • The 5-year median for Operating Expenses is $23.0 million (2023), against an average of $22.8 million.
  • Peak annual rise in Operating Expenses reached 7038.29% in 2021, while the deepest fall reached 366.27% in 2021.
  • Spruce Power Holding's Operating Expenses stood at -$10.5 million in 2021, then jumped by 440.12% to $35.7 million in 2022, then slumped by 32.2% to $24.2 million in 2023, then gained by 10.14% to $26.7 million in 2024, then fell by 18.33% to $21.8 million in 2025.
  • The last three Operating Expenses figures came in at $21.8 million (Q4 2025), $22.2 million (Q3 2025), and $24.3 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 140.83 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 143.79 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 130.04 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 123.32 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 765.74 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 33.29 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 55.90 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -232.93 Mn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 13.20 Mn
10 Spruce Power Holding 52.76 Mn -37.96 Mn 16.96 Mn 21.78 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 21.78 Mn
Sep 30, 2025 22.24 Mn
Jun 30, 2025 24.34 Mn
Mar 31, 2025 25.51 Mn
Dec 31, 2024 26.67 Mn
Sep 30, 2024 58.54 Mn
Jun 30, 2024 25.84 Mn
Mar 31, 2024 21.88 Mn
Dec 31, 2023 24.21 Mn
Sep 30, 2023 47.77 Mn
Jun 30, 2023 23.79 Mn
Mar 31, 2023 20.91 Mn
Dec 31, 2022 35.71 Mn
Sep 30, 2022 29.26 Mn
Jun 30, 2022 9.78 Mn
Mar 31, 2022 7.73 Mn
Dec 31, 2021 -10.50 Mn
Sep 30, 2021 18.47 Mn
Jun 30, 2021 13.63 Mn
Mar 31, 2021 9.37 Mn